DailyDirt: Coins Worth More Than Gold

from the urls-we-dig-up dept

The US has stopped minting a huge surplus of dollar coins but will continue to make them in just enough quantities to satisfy coin collectors. Interestingly, coin collectors have been bidding on some extremely rare coins lately. Here are just a few examples of some valuable coins out there.

Beholders

Clearly value in the eye of the beholder. Melt those down and they would then be worth little. Instead it is all blah, blah, blah something happened on such date and rare just because things happened one way and not another.

A good market these days are Chinese antiques like Ming pottery when then Chinese are spending millions to buy them back.

I have books here older than all those coins but age alone does not affect value much unless all rivals vanish. My oldest book is dated 1701 and in Latin.

No 3D printers in 1933!

FAIL

Stopping production of dollar coins. Outstanding.
Americans make me laugh, but you especially make me glad I'm not American.
Those ridiculous dollar bills and those utterly pointless 1c coins should be gotten rid of entirely.
But noooo... the yanks are too stupid to cope with that. No rounding up/down: too complicated.

Law of Supply & Demand

Due to stoppage of coins being minted by US, what more can you say about actual gold coins that have been previously minted. I guess those who have been holding on to them have the leverage of hedging against inflation. In fact I have placed an article in my website that speaks about Gold Eagle coins are still a sound investment.http://krugerrandprice.net/gold-eagle-coins-a-sound-investment/